Global Fracking Chemicals & Fluids Market is estimated to reach USD 57.59 billion by 2025 owing to the rising demand for electricity and fuel globally. Fracking chemicals & fluid are gathering of chemicals that are used in hydraulic fracturing. Hydraulic fracturing is the process of breaking underground rocks and inoculating fluid along with sand & additives at high pressure to release oil and natural gas. Hydraulic fracturing also supports in generating cleaner energy. The fracturing chemicals and fluids are used to reduce the pressure loss caused by the friction for production of wide fracture by generating sufficient pressure drops, maintain stability, etc. The fluid prevents corrosion to a great extent, lubricates the extraction procedures and prevents bacterial growth & blockages, avoids scale disposition and maintains the viscosity of fluid among others.
Different types of fluids are used in various industrial operations like foam-based, water-based and gelled oil based. Depending on chemicals, solutions like corrosion inhibitors, surfactants and friction reducers, and scale inhibitors are used in the fracking process. The fracking chemicals & fluids industry has been experiencing positive growth due to continuous development of unconventional sources of gas and oils along with the rising demand for energy security in several economies.
Full Research Report On Global Fracking Chemicals and Fluids Market Analysis available at: https://www.millioninsights.com/industry-reports/fracking-chemicals-fluids-market
The changes in the horizontal drilling techniques is predicted to drive the fracking chemicals & fluids market. Horizontal fracking activity requires a comparatively large number of fracking chemicals and fluids due to which considerable change has been observed in the segment recently. Due to this, the demand for fracking chemicals and fluids is witnessing a steady growth and this is predicted to continue in future as well.
The rising demand for energy needs with more improvements is expected to result in rising demand for fracking chemicals and fluids which also stimulates the fracking chemicals & fluids industry. The backflow of fracking fluid to the surface pollutes the ground and surface water which has given rise to more stringent norms and alternatives to fracking fluids. These are major factors that hinder the growth of the market in future.
The introduction of technologies including hydraulic fracking and horizontal drilling impact high competition in the fracking chemicals & fluid market. The major players that have wide manufacturing facilities along with large territorial presence is expected to boost the market significantly. With improvements in technology, the industry is predicted to witness strong competition.
Fracking chemicals & fluids industry is segmented on the basis of product type, function, and geography. In terms of product type, the market is divided into Water based fluids, Oil based fluids, Synthetic based fluids, and Foam based fluids. Water based fluids is anticipated to be the largest product segment in the fracking chemicals and fluids market. On the basis of function, the market is divided into Friction reducer, Biocides, Clay control agent, Gelling agent, Cross-linkers, Breakers, Buffers, Surfactants and others.
Geographically, the market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is predicted to hold larger market share followed by Asia Pacific region. The top players in fracking chemicals and fluids industry are Akzo Nobel N.V., Baker Hughes Incorporated, BASF SE, Halliburton Company, Schlumberger Ltd., E. I. du Pont de Nemours and Company, Pioneer Engineering Services, and The Dow Chemical Company.
Request for Free Sample Copy at: https://www.millioninsights.com/industry-reports/fracking-chemicals-fluids-market/request-sample
Market Segment:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Water based fluids
• Oil based fluids
• Synthetic based fluids
• Foam based fluids
Well type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Horizontal well
• Vertical well
Function Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Friction reducer
• Clay control agent
• Gelling agent
• Cross-linkers
• Breakers
• Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Russia
• Asia Pacific
• China
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Algeria
• South Africa
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals-and-materials
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
For More Information: www.millioninsights.com
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email:Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/fracking-chemicals-fluids-market
